Venom

Venom (VENOM) is a digital asset operating on a blockchain network designed for secure and efficient transactions. It leverages cryptographic techniques to ensure the integrity and confidentiality of its transactions. Venom aims to provide a decentralised platform supporting various applications, including decentralised finance (DeFi) and other blockchain-based services. The Venom blockchain employs an asynchronous architecture with dynamic sharding, offering scalability and high security.

Venom (VENOM) serves several primary functions:

• Transactions: VENOM tokens facilitate peer-to-peer transactions, allowing users to transfer value securely and efficiently without intermediaries.
• Decentralised Applications (dApps): The Venom blockchain supports the creation and operation of dApps, enabling developers to build applications that utilise blockchain technology.
• Staking and Governance: Users can stake VENOM tokens to participate in the network's consensus mechanism, contributing to network security and stability. Token holders can also engage in governance, voting on proposals and protocol changes.
• Decentralised Finance (DeFi): VENOM is utilised in various DeFi applications, including lending, borrowing, and yield farming, providing users with financial services outside traditional financial institutions​​​.